COMPANY REGISTRATION NO: 03835048 CHARITY REGISTRATION NO: 1078316
LANCASTER WEST CHILDREN'S COMMUNITY NETWORK
REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2022
P R Shah & Co Chartered Certified Accountants 10 Bouverie Gardens
Harrow Middlesex HA3 0RQ
LANCASTER WEST CHILDREN'S COMMUNITY NETWORK
ACCOUNTS FOR THE YEAR ENDED
31 MARCH 2022
CONTENTS
| 1 | Legal and administrative information |
|---|---|
| 2-6 | Report of the Management Committee |
| 7-8 | Independent Examiners Report |
| 9-10 | Balance Sheet |
| 11 | Statement of Financial Activities |
| 12-17 | Notes to the Accounts |
The following pages are for Management purposes only and do not form part of the statutory accounts
18-19 Income and Expenditure Account
LANCASTER WEST CHILDREN'S COMMUNITY NETWORK
Page 1
LEGAL AND ADMINISTRATIVE INFORMATION
Constitution
Lancaster West Children's Community Network is a company limited by guarantee and a registered charity governed by its memorandum and articles of association. Charity number: 1078316. Company number: 03835048.
Management Committee (Directors) and Trustees
The Management committee who are the Directors of the charitable Company ("the charity") are its trustees for the purpose of charity law. Members of the Management committee are elected at the Annual General Meeting.
The members of the Management committee are:
Eman Yosary - Chairperson Carolyn Jackson (Resigned 27 April 2021) Roslyn Sylvester
Company Secretary
Dee Dainton
Registered office
Ilys Booker Centre, Lower Clarendon Walk, Lamcaster West Estate. London. W11 1SL.
Reporting Accountants
P R Shah & Co, Chartered Certified Accountants of 10 Bouverie Gardens, Harrow. Middlesex. HA3 0RQ
Bankers
Barclays Bank Plc, Willesden Business Centre, Westmoreland House, Scrubs Lane. London. NW10 6AH.
LANCASTER WEST CHILDREN'S COMMUNITY NETWORK Page 2
REPORT OF THE MANAGEMENT COMMITTEE
The Management Committee presents its Report and Accounts for the year ended 31 March 2022. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice (SORP FRS 102) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland - FRS 102.
DIRECTORS AND TRUSTEES
The directors of the charitable company (charity) are its trustees for the purposes of charity law and throughout this report are collectively referred to as trustees.
The trustees who served during the year were as follows:
Eman Yosary Dee Dainton Roslyn Sylvester
Dee Dainton acted as secretary throughout the year.
Structure, Governance and Management
Governing Document
The organisation is a charitable company limited by guarantee, incorporated on 2 September 1999 and registered as a charity on 22 November 1999. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £1.
Recruitment and appointment of Management Committee
The Directors of the company are also the charity trustees for the purposes of charity law and under the Memorandum and Articles of Association the members of the Management Committee are elected to serve for a period of one year after which they must be re-elected at the next Annual General Meeting.
Trustee Induction and Training
New Trustees are introduced to the work of organisation with a formal induction programme. Trustees are also encouraged to attend training provided by the local Council for Voluntary Service on the roles and responsibilities of committee members.
Risk Management
The Management committee has assessed the major risks to which the charity is exposed, in particular those relating to operations and finances of the organisation and in connection with maintaining reserves. The management committee is satisfied that adequate procedures are in place to mitigate any risks in the event of any adverse conditions.
Organisational Structure
The impact of both the 2017 Grenfell Tower fire and of Covid 19 continued to impact both the nursery and drop-in services throughout the year.
LANCASTER WEST CHILDREN'S COMMUNITY NETWORK Page 3
REPORT OF THE MANAGEMENT COMMITTEE - CONTINUED
The nursery was able to be fully operational from the Ilys Booker Centre premises on the Lancaster West Estate during the year. Unfortunately the site could only accommodate a reduced number of children compared to the Grenfell Tower nursery building. RBKC maintained its commitment to continue funding at the higher rate which enabled us to maintain staffing levels, etc.
Construction work on the redesigned new nursery building continued and staff were able to make a significant contribution to the design of both the building and garden. Consultation and up-dating of neighbours and the community received high priority. The new nursery was ready to move into and opened to children in late September.
The drop-in groups were affected for a much longer period by Covid 19 restrictions and concerns as they serve a changing group of families each day. In line with national and RBKC policies, both groups maintained stringent health and safety protocols, a booking system and limiting the number of families attending each day.
The Ilys Booker drop-in group had had to re-located to accommodate the nursery. It began operating from The Curve - a near by, large multi-floor building leased by RBKC for the use of the Grenfell affected communities. It accommodated both regular and occasional local authority, health and voluntary and community sector groups as well as other self-help groups.
Unfortunately the lease of the building ended in June 2022 and the group had to vacate. Prior to this the search for both a temporary and permanent home continued. A solution in the short term was to move the Ilys Booker drop-in into the vacated nursery portacabin at Oxford Gardens Primary School. Following a re-fresh the group reopened after the October half term holiday.
Also a permanent home was provisionally identified local to the Lancaster West Estate in a joint RBKC and local christian charity redevelopment. This will provide additional social housing, an enhanced church/social space, additional outside/garden area as well as our drop-in space. The whole development is expected to take two to three years.
The Trustees delegate the day-to day management of LWCCN's operations to the senior staff management team comprising the Manager of Grenfell Early Years, the Drop-in Co-ordinator and the Development Co-ordinator.
The Development Co-ordinator's post received three year funding from the Kensington & Chelsea Foundation. As well as fundraising for new activities, etc., the role has facilitated commmunication and sharing of ideas between senior staff each facing a range of challenges in providing the best possible service they can.
Objects and activities
The objects of the organisation is to advance the education of children under eight living in the Kensington and Chelsea area and the immediate adjacent neighbourhood, without distinction of sex, race, religious or political or other opinions, and to associate with inhabitants, the local and educational authorities and voluntary organisations in a common effort to provide for parents and children within the area, facilities in the interests of social welfare with the object of improving their condition of life.
The activities of the organisation are primarily carried out in the North Kensington area where it's premises are situated.
Achievements and Performance
The Management Committee cannot praise and thank staff enough for the dedication, compassionate concern and sheer professionalism they have shown again this year.
LANCASTER WEST CHILDREN'S COMMUNITY NETWORK Page 4
REPORT OF THE MANAGEMENT COMMITTEE - CONTINUED
Both Management Committee members and staff continue to play an active and strategic role in the different forums looking at the way forward for the neighbourhood including memorials and the eventual future of the Grenfell Tower footprint.
Our services have played an active and strategic role in this. We have been enabled to do this with funding made available from charities and other funders. We would like to thank them for their quick and effective response and the speedy release of funds
Close contact was maintained with parents and their ideas and suggestions continue to be valued. Parents and the child's wider family have been extremely supportive and understanding of the changes throughout the year. All of this will help to ensure that the nursery will be in a good position to expand its services again when new premises eventually become available towards the end of 2022.
The other main strand of LWCCN’s purposes is the provision of drop-in and other support for local families especially those with babies and toddlers. In addition to the Ilys Booker group The Little Wormwood Scrubs Playhut is based in a large open parkland area in the Dalgarno area of North Kensington - another area of significant deprivation. This has continued to operate throughout the year. A group of fathers was successfully introduced on Saturday mornings.
Strong links have been maintained with Health Authority, RBKC Early Years and voluntary sector supported networks which were effective in offering information and advice to both families and to staff. Links made with new agencies established in the area continue.
The funding obtained from the Grenfell Projects Fund to establish a Toy Library - play and take - project was also successfully established. It combines opportunities for families to 'try out' toys and packages of arts/crafts materials before borrowing them for an agreed length of time. Borrowing is free, age appropriate and includes many items parents would not be able to afford themselves. The dedicated worker is able to advise on suitable activities.
The wide and diverse ethnic and social mix of the North Kensington area is reflected across these services. The majority of users continue to be women but also fathers, grandparents and other family carers. Both sites remain popular with local childminders whose knowledge and skills add to the stability of the groups Indeed, the mutual support and friendship offered by users to other parents and family carers is one of the core strengths of the groups and is much commented upon by users, other professionals and visitors alike.
Quality Assurance
User satisfaction and future activities and developments are measured through regular evaluation of the services, including our compliments and complaints procedures and monitoring and surveys.
During the year the centre’s received a number of written and many verbal compliments and received no complaints regarding the service offered.
As a locally based voluntary organisation the opinions and active involvement of parents and others caring for children is a core value for LWCCN. This year parents have continued to support the organisation in a variety of ways and their input enables LWCCN to provide a service whose quality continues to be high and which parents are happy to recommend to others. This regular and ongoing participation by our users, places LWCCN in a prime position to participate in the ongoing debate about the future of the local area.
LANCASTER WEST CHILDREN'S COMMUNITY NETWORK Page 5 REPORT OF THE MANAGEMENT COMMITTEE - CONTINUED
Financial Review
The results for the year are shown in the attached Statement of Financial Activities.
Principal funding sources
As LWCCN continues to aim its services at families living in an area of deprivation and who are experiencing hardship in their daily lives, funding from a range of public and charitable sources will continue to be a major source of funding for the organisation.
The local authority, Royal Borough of Kensington & Chelsea, continues to be the main funder of LWCCN. RBKC commission the drop-in services at Ilys Booker and Little Wormwood Scrubs. Grenfell received Minimum Funding Entitlement (MFE) for providing nursery education for children aged 3 years and funding from the Two Year Old Programme scheme for early learning and care for children from disadvantaged families. Both the daycare and drop-in service have recognised the need to become more fully self-sustaining either from fees or other fundraising initiatives in the future.
Fees paid by parents for childcare services continue to be a major source of funds. Emphasis is placed on keeping them as affordable as possible with the intention of supporting local parents improve their future quality of life by studying and/or occupation. Staff aim to ensure parents do not go into arrears with fees. They and also the drop-in staff can give advice and support to parents in making applications for support and maximising take-up student funding, grants, etc.
Both new and continuing funding from charities has supported both, new initiatives and our sustainability. A three year funding from Kensington & Chelsea Foundation's Organisation Champions project has enabled us to employ a development worker to ensure the stability of the organisation into the future. She has made significant progress in identifying new funders and making successful applications.
The organisation also holds significant funds made up of donations received after the Grenfell Tower fire. Use of which will be line with the declared wishes of the donors.
Investment policy
The Management Committee recognises that significant donations following the Fire are either restricted funds or aimed at ensuring the nursery's future. Funds, therefore, will be kept in high interest accounts
Reserves policy
The management committee has established a policy whereby the unrestricted funds not committed (the free reserves) held by the charity should be about 6 months of the resources expenditure, which equates to approximately £155,000 in general funds. At this level, the management committee feel that they would be able to continue the current activities of the charity in the event of a significant drop in funding. It would obviously be necessary to consider how the funding would be replaced or activities changed.
Our future plans and strategy:
The new permanent home for the nursery has been completed. All places have been taken up and there is a strong waiting list. Staff are currently settling into the building and will be developing additional services, such as out of school groups, in due course.
The drop-in groups face on-going challenges - including possible re-negotiation of its contract with RBKC which is also facing funding challenges. However they are in a strong position to weather such challenges.
LANCASTER WEST CHILDREN'S COMMUNITY NETWORK Page 6
REPORT OF THE MANAGEMENT COMMITTEE - CONTINUED
It is expected that progress will be made over the next year in finalising arrangements on the permanent base for the Ilys Booker drop-in group which is currently in the process of re-naming itself the Grenfell Stay and Play.
LWCCN remains optimistic and committed to facing the future as the impact of the fire continues to affect the North Kensington community. Likewise the impact of Covid 19 on the all round deveopment of babies and young children is slowly being recognised.
Responsibilities of the Management Committee
Company law requires the Management Committee to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the Company and of the profit or loss of the Company for that year. In preparing these the Management Committee are required to: -
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
− prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Management Committee are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps to prevent and detect fraud and other irregularities.
Members of Management Committee
Members of the management Committee, who are directors for the purpose of Company Law and trustees for the purposes of Charity Law, who served during the year and up to the date of this report are set out on page 1.
In accordance with Company Law, as the company's directors, we certify that:
-
so far as we are aware, there is no relevant information of which the company's Accountant's are unaware; and
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as the directors of the company we have taken all steps that we ought to have taken in order to make ourselves aware of any relevant information and to establish that the charity's Accountant's are aware of that information.
Approved by the Management Committee on 23 December 2022 and signed on its behalf by
Dee Dainton Company Secretary
LANCASTER WEST CHILDREN'S COMMUNITY NETWORK
Page 7
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LANCASTER WEST CHILDREN'S COMMUNITY NETWORK
I report to the trustees (who are also Directors for the purpose of Company Law) on my examination of the financial statements of Lancaster West Children's Community Network for the year ended 31st March 2022 as set out on pages 9 to 17.
This report is made solely to the charity's trustees, as a body, in accordance with section 145 of the Charity's Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters that I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for my work, for this report, or for the opinion I have formed.
Responsibilities and basis of report
As the trustees of charitable company you are responsible for the preparation of financial statements, in accordance with the requirements of the Companies Act 2006 ('The 2006 Act').
Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the Act and are eligible for independent examination. I report in respect of my examination of the charitable company's financial statements carried out under section 145 of the Charities Act2011 ('The 2011 Act') and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of The 2011 Act
An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurances that an independent examination can provide. Consequently, I express no opinion as to whether the financial statements present a 'true and fair' view and my report is limited to those specific matters set out in the independent examiners statement.
Independent examiner's statement
Since the charitable company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of The 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ACCA, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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i) accounting records were not kept in respect of the charitable company as required by section 386 of The 2006 Act; or
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ii) the financial statements do not accord with those records; or
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iii) the financial statements do not comply with the accounting requirements of section 386 of The 2006 Act other than any requirement that the financial statements give a 'true and fair view' which is not a matter considered as part of an independent examination; or
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iv) the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
LANCASTER WEST CHILDREN'S COMMUNITY NETWORK
Page 8
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LANCASTER WEST CHILDREN'S COMMUNITY NETWORK (CONTINUED)
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Pradip R Shah Chartered Certified Accountant
Date: 23 December 2022
P R Shah & Co 10 Bouverie Gardens Kenton, Harrow. Middlesex HA3 0RQ
LANCASTER WEST CHILDREN'S COMMUNITY NETWORK
Page 9
| BALANCE SHEET AS AT 31 MARCH 2022 Notes CURRENT ASSETS Debtors 4 Cash and Bank Balances CURRENT LIABILITIES Bank overdraft Amounts falling due within one year 5 NET ASSETS 14 REPRESENTED BY: UNRESTRICTED FUNDS As per Statement of Financial Activities 11 RESTRICTED FUNDS As per Statement of Financial Activities 8 & 11 |
2022 £ - 269,854 269,854 - 3,600 3,600 266,254 259,634 6,620 266,254 |
2021 £ 3,599 294,265 |
|---|---|---|
| 297,864 - 3,600 |
||
| 3,600 | ||
| 294,264 | ||
| 287,644 6,620 |
||
| 294,264 |
The director's statements required under Companies Act 2006 are shown on the following page which forms part of the Balance Sheet.
The notes on pages 12 to 17 form part of these financial statements.
LANCASTER WEST CHILDREN'S COMMUNITY NETWORK
Page 10
BALANCE SHEET (CONTINUED)
Trustees statements for the year ended 31 March 2022
For the year ending 31st March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors (trustees) acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and Statement of Recommended Practice, Accounting and Reporting by Charities SORP (FRS 102).
Approved by the Management Committee on 23 December 2022 and signed on it's behalf by:
Eman Yosry Chairperson
Company registration number: 03835048
The notes on pages 12 to 17 form part of these financial statements.
Page 11
LANCASTER WEST CHILDREN'S COMMUNITY NETWORK
STATEMENT OF FINANCIAL ACTIVITIES (including income and expenditure account)
| FOR THE YEAR ENDED 31 MARCH 2022 Notes INCOMING RESOURCES Incoming resources from generated funds: Voluntary income: Donations and grants 12 Activities for generating funds: Fund raising activities 12 Investment Income Deposit interest Other Income CJRS Grants 12 Incoming resources from charitable activities: Grants 12 Crèche and Centre fees 12 Total Incoming resources RESOURCES EXPENDED Charitable activities Operation of crèche & centres 13 Governance costs 13 Total resources expended Net incoming resources/(outgoings) Reconciliation of funds Total funds brought forward Total funds carried forward 11 |
UNRESTRICTED RESTRICTED TOTAL £ £ £ - - - - - - 27 - 27 230 - 230 - 237,072 237,072 37,778 - 37,778 38,035 237,072 275,107 62,445 237,072 299,517 3,600 - 3,600 66,045 237,072 303,117 ( 28,010) - ( 28,010) 287,644 6,620 294,264 259,634 6,620 266,254 2022 |
2021 TOTAL £ 280 1,188 204 96,568 265,031 22,035 |
|---|---|---|
| 385,306 | ||
| 292,567 3,600 |
||
| 296,167 | ||
| 89,139 205,125 |
||
| 294,264 |
All incoming resources and resources expended derive from continuing activities. The statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 12 to 17 form part of these financial statements.
LANCASTER WEST CHILDREN'S COMMUNITY NETWORK
Page 12
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2022
1 ACCOUNTING POLICIES
a) Basis of accounting
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard - FRS 102 - (Charities SORP (FRS 102)) and the Companies Act 2006.
b) Capital expenditure
All Capital Expenditure is written off in the year in which it is incurred, as such expenditure is funded by Grants which are credited in the year of receipt.
c) Interest receivable
Interest is included when receivable by the charity.
d) Grants and donations
Income from donations and grants is included in incoming resources when these are receivable.
e) Fees receivable
These represent the fees receivable in respect of the services provided and are accounted for on an accruals basis.
f) Resources expended
Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered.
g) Pension costs
Contributions in respect of the Company's defined contribution Pension Scheme are charged to the Income and Expenditure Account for the year in which they are paid to the Scheme. The assets of this scheme are held separately from those of the company, being invested with insurance companies.
2 LEGAL STATUS OF THE CHARITY
The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding-up is limited to £ 1.
The address of the registered office is, Ilys Booker Centre, Lower Clarendon Walk, Lancaster West Estate, London. W11 1SL.
LANCASTER WEST CHILDREN'S COMMUNITY NETWORK
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NOTES TO THE ACCOUNTS - CONTINUED
FOR THE YEAR ENDED 31 MARCH 2022
| 3 NET INCOMING RESOURCES FOR THE YEAR This is stated after charging: Hire of equipment Accountancy fees 4 DEBTORS Other debtors 5 CREDITORS Amounts falling due within one year Sundry Creditors and accruals 6 STAFF COSTS Wages and salaries Social security costs Employee pensions Agency/temporary staff No employees received emoluments in excess of £ 60,000 The average weekly number of employees during the year, part-time and full-time, was as follows: |
2022 2021 £ £ - - 3,600 3,600 |
|---|---|
| 2022 2021 £ £ - 3,599 |
|
| - 3,599 |
|
| 2022 2021 £ £ 3,600 3,600 |
|
| 3,600 3,600 |
|
| 2022 2021 £ £ 246,610 253,848 13,552 14,548 5,322 5,021 5,011 592 |
|
| 270,495 274,009 |
|
| 2022 2021 16 16 |
7 TAXATION
The Company is exempt from Corporation Tax on its charitable activities.
LANCASTER WEST CHILDREN'S COMMUNITY NETWORK
Page 14
NOTES TO THE ACCOUNTS - CONTINUED
FOR THE YEAR ENDED 31 MARCH 2022
8 RESTRICTED FUNDS
a) Grenfell:
The amount of £4,000 shown is held in respect of Cyclical Maintenance. The amount set aside is intended to ensure sufficient funds are available to cover external decorating and internal common parts planned to be performed every three years. Restricted Funds include an amount of £2,620 held in respect of Maintenance and to cover liabilities of the Centre in respect of binding commitments relating to Contracts of Employment including maternity, sickness and redundancy statutory obligations. This amount has been transferred from Ilys Booker.
9 INVESTMENT INCOME
All of the company's investment income arises from interest bearing deposit accounts.
10 MANAGEMENT COMMITTEE:
No remuneration was paid out of the funds of the Charity to any member of the Management Committee or to any person known to be connected with any of them.
11 STATEMENT OF FUNDS
| Unrestricted funds Grenfell Total unrestricted funds Restricted funds Grenfell TOTAL FUNDS |
At 1 April Income Expenditure At 31 March 2021 2022 287,644 38,035 66,045 259,634 |
|---|---|
| 287,644 38,035 66,045 259,634 |
|
| 6,620 237,072 237,072 6,620 |
|
| 6,620 237,072 237,072 6,620 |
|
| 294,264 275,107 303,117 266,254 |
Page 15
LANCASTER WEST CHILDREN'S COMMUNITY NETWORK
NOTES TO THE ACCOUNTS - CONTINUED
FOR THE YEAR ENDED 31 MARCH 2022
| 12 INCOMING RESOURCES Voluntary Income Donations Activities for generating funds Fund raising activities Investment income Deposit account interest Other Income Childminder fees/Playhut Hire Coronavirus Job Retention Scheme Grants Incoming resources from charitable activities Grants: Royal Borough of Kensington and Chelsea − Early Years Drop in − Early Years (2 & 3 to 4 year olds) − Grenfell Projects Fund − Creche Services − City Living Ggrant - Summer Playscheme The London Community Foundation The Kensington & Chelsea Foundation - Organisation Champion Award Fees: Grenfell |
2021 UNRESTRICTED RESTRICTED TOTAL TOTAL £ £ £ £ - - 280 2022 |
|---|---|
| - - - 280 |
|
| - - - 1,188 |
|
| - - - 1,188 |
|
| 27 - 27 204 |
|
| 27 - 27 204 |
|
| - - - 300 230 230 96,568 |
|
| 230 - 230 96,868 |
|
| - 62,331 62,331 62,331 - 154,860 154,860 153,102 - - - 15,000 - 5,283 5,283 - - - - - - 14,598 14,598 14,598 - - - 20,000 37,778 - 37,778 21,735 |
|
| 37,778 237,072 274,850 286,766 |
LANCASTER WEST CHILDREN'S COMMUNITY NETWORK
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NOTES TO THE ACCOUNTS - CONTINUED
FOR THE YEAR ENDED 31 MARCH 2022
13 TOTAL RESOURCES EXPENDED
| Costs directly allocated to activities Salaries, wages and National insurance Staff pensions Staff welfare Light, heat and water Staff training and DBS Insurances Telephone & Internet Computer & software costs Repairs, maintenance & redecoration Rates Cleaning and cleaning materials Printing, postage and stationery Food and refreshments Events, outings and travel Legal & Professional fees Registration fees General expenses Play consumables Bank interest and charges GEY - Move Expenses Furniture, fittings, kitchen and office equipment Childrens' toys, books and play equipment Governance costs Accountancy fees TOTAL RESOURCES EXPENDED |
2022 £ 265,173 5,322 985 1,184 1,023 787 3,728 2,381 15 - 2,631 1,348 806 180 1,066 220 105 416 156 6,717 5,053 221 299,517 3,600 303,117 |
2021 £ 268,988 5,021 1,020 1,365 728 590 2,890 2,361 325 328 1,862 1,781 245 9 982 220 1 275 142 2,319 1,115 |
|---|---|---|
| 292,567 3,600 |
||
| 296,167 |
Page 17
LANCASTER WEST CHILDREN'S COMMUNITY NETWORK
NOTES TO THE ACCOUNTS - CONTINUED
FOR THE YEAR ENDED 31 MARCH 2022
14 NET ASSETS
| NET ASSETS | |||
|---|---|---|---|
| Cash and bank balances Short term deposits Current assets Current liabilities |
Restricted Funds - 6,620 - - 6,620 |
Unrestricted Funds 1,225 262,009 - ( 3,600) 259,634 |
Total 1,225 268,629 - ( 3,600) |
| 266,254 |
15 CAPITAL COMMITMENTS
No Capital expenditure has been contracted for at 31 March 2022 (2021 - Nil).